Bearish Options Activity on BofI Holding, Inc. After Worse Fundamentals

 Bearish Options Activity on BofI Holding, Inc. After Worse Fundamentals

In today’s session BofI Holding, Inc. (BOFI) recorded an unusually high (5,979) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious BOFI decrease. With 5,979 contracts traded and 89094 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: BOFI161021P00020000 closed last at: $0.15 or 25% down. About 150,935 shares traded hands. BofI Holding, Inc. (NASDAQ:BOFI) has risen 12.73% since March 15, 2016 and is uptrending. It has outperformed by 7.24% the S&P500.

Analysts await BofI Holding, Inc. (NASDAQ:BOFI) to report earnings on November, 3. They expect $0.45 EPS, up 12.50% or $0.05 from last year’s $0.4 per share. BOFI’s profit will be $28.18 million for 12.42 P/E if the $0.45 EPS becomes a reality. After $0.46 actual EPS reported by BofI Holding, Inc. for the previous quarter, Wall Street now forecasts -2.17% negative EPS growth.

BofI Holding, Inc. (NASDAQ:BOFI) Ratings Coverage

Out of 6 analysts covering Bofl Holding Inc (NASDAQ:BOFI), 6 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Bofl Holding Inc has been the topic of 11 analyst reports since August 5, 2015 according to StockzIntelligence Inc. As per Thursday, August 6, the company rating was downgraded by DA Davidson. The rating was upgraded by Sandler O’Neill to “Buy” on Thursday, October 15. As per Friday, July 31, the company rating was maintained by FBR Capital. Raymond James upgraded the stock to “Strong Buy” rating in Friday, September 4 report. DA Davidson upgraded the stock to “Buy” rating in Thursday, October 15 report. As per Monday, November 23, the company rating was maintained by FBR Capital.

According to Zacks Investment Research, “Bofi Holding is the holding company for Bank of Internet USA, a consumer-focused, nationwide savings bank operating primarily through the Internet from a single location in San Diego, California. They provide a variety of consumer banking services, focusing primarily on gathering retail deposits over the Internet and originating and purchasing multifamily and single family loans for investment.”

Insitutional Activity: The institutional sentiment decreased to 1 in Q2 2016. Its down 0.29, from 1.29 in 2016Q1. The ratio worsened, as 24 funds sold all BofI Holding, Inc. shares owned while 65 reduced positions. 19 funds bought stakes while 70 increased positions. They now own 58.06 million shares or 6.95% less from 62.39 million shares in 2016Q1.
Engineers Gate Manager Limited Partnership has invested 0.06% of its portfolio in BofI Holding, Inc. (NASDAQ:BOFI). Smith Asset Management Limited Partnership has 127,590 shares for 0.07% of their US portfolio. Employees Retirement Systems Of Texas accumulated 96,000 shares or 0.02% of the stock. Dekabank Deutsche Girozentrale holds 0.01% of its portfolio in BofI Holding, Inc. (NASDAQ:BOFI) for 31,000 shares. Blair William Il holds 142,700 shares or 0.01% of its portfolio. The Missouri-based Stieven Advsrs L P has invested 3.33% in BofI Holding, Inc. (NASDAQ:BOFI). Foundry Prns Ltd Liability holds 0.01% of its portfolio in BofI Holding, Inc. (NASDAQ:BOFI) for 13,370 shares. Texas Permanent School Fund, a Texas-based fund reported 43,878 shares. Moreover, Teacher Retirement System Of Texas has 0% invested in BofI Holding, Inc. (NASDAQ:BOFI) for 7,895 shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 1,092 shares or 0% of the stock. Earnest Prtnrs Limited Liability Corp accumulated 3,600 shares or 0% of the stock. Axa owns 133,000 shares or 0.01% of their US portfolio. The Georgia-based Suntrust Banks has invested 0% in BofI Holding, Inc. (NASDAQ:BOFI). The New York-based Pinebridge Invests Ltd Partnership has invested 0.01% in BofI Holding, Inc. (NASDAQ:BOFI). Mark Sheptoff Financial Planning Ltd Liability Com, a Connecticut-based fund reported 1,200 shares.

BofI Holding, Inc. is the holding firm for BofI Federal Bank (the Bank). The company has a market cap of $1.40 billion. The Bank is a diversified financial services company. It has a 12.08 P/E ratio. The Bank provides consumer and business banking products through its branchless, low-cost distribution channels and affinity partners.

BOFI Company Profile

BofI Holding, Inc. (BofI), incorporated on July 6, 1999, is the holding firm for BofI Federal Bank (the Bank). The Bank is a diversified financial services company. The Bank provides consumer and business banking products through its branchless, low-cost distribution channels and affinity partners. The Bank has deposit and loan customers, including consumer and business checking, savings and time deposit accounts and financing for single family and multifamily residential properties, small-to-medium size businesses in target sectors, and selected specialty finance receivables. The Bank distributes its deposit products through a range of retail distribution channels, and its deposits consist of demand, savings and time deposits accounts. The Bank distributes its loan products through its retail, correspondent and wholesale channels, and the loans the Bank retains are primarily first mortgages secured by single family real property and by multifamily real property. The Company’s mortgage-backed securities consist primarily of mortgage pass-through securities issued by government-sponsored entities and non-agency collateralized mortgage obligations and pass-through mortgage-backed securities issued by private sponsors.

More notable recent BofI Holding, Inc. (NASDAQ:BOFI) news were published by: Fool.com which released: “BofI Holding, Inc. Continues Delivering: Is the Short Thesis About to Collapse?” on August 10, 2016, also Fool.com with their article: “BofI Holding, Inc. Stock Up 10% on Continued Strong Earnings” published on August 03, 2016, Fool.com published: “Will BofI Holding, Inc. Deposit Another Quarter of Growth?” on July 30, 2016. More interesting news about BofI Holding, Inc. (NASDAQ:BOFI) were released by: Businesswire.com and their article: “BofI Holding, Inc. Issues Statement Regarding Share Price Volatility” published on April 18, 2016 as well as Businesswire.com‘s news article titled: “BofI Holding, Inc. Announces Acquisition of Equipment Leases and Operations of …” with publication date: April 04, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment